Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Grain Futures Trading -- Ignore unavailable to you. Want to Upgrade?

To: wiley murray who wrote (158)	11/17/1998
From: nicewatch	Read Replies (2) \| Respond to of 645

Wiley, updated charts at geocities.com There's a may beans chart and a march cotton chart. Corn appears in a similar count to beans, and wheat looks more like a triangulating congestion since the 10/9 high. A breakout will occur one way or another in wheat. Off topic:Cotton looks interesting... it has responded well to the forks lately. I have drawn 3 which may clutter things up a little, but the forks in combination with some other stuff have me looking for a bottom. Similarly, hogs have declined a lot, and fork analysis has me looking for a bottom soon. I will try to post a hog chart later. Regards, Frank

To: wiley murray who wrote (158)	11/17/1998 1:10:00 PM
From: nicewatch	Read Replies (1) \| Respond to of 645

FWIW, I am back in May beans at 596.75... a tick above yesterday's high from a stop order hit while I was at class today. If this is minor wave 3 of 5 of one, I don't want to miss it. I will use a tick below yesterday's low as a stop loss for now. Fortunately, I only missed about 2.5 cents between taking profits last Friday and getting back in again. The next cycle date to watch is 11/27/98-11/30/98, plus or minus a trading day. Assuming the wave structure and count that we've discussed is correct, I am looking for a high in that timeframe if prices rally into that zone. Otherwise, it should be a low. Talk to you later Regards, Frank